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Have a buyer but shortfall on secured loan

holeinthehead · 2012-05-07 18:23:01

Hi all Any advice appreciated! Have a buyer for our property (in NIreland)- first mortgage covered but not secured loan. Have offered to continue paying 2nd loan but to no avail...... Really don't want to lose our buyer (don't come along very often). Planned to rent and 'start over again' but frustrated that it may fall…

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TrickyDicky101 Posts: 3,534 Forumite

8 May 2012 at 7:28AM

They won't let you refinance as they have first charge.they're not going to give that up just so you can pay off another creditor

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Have a buyer but shortfall on secured loan

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